The Bitcoin community is currently in a state of excitement. The price of Bitcoin SV has increased significantly recently, and everyone is waiting to see what ramifications the Genesis hardfork might have. But as it is January 2020, the one story that may be getting the most attention is Dr. Craig Wright’s court case with Ira Kleiman, and it had an important new development on January 14.
In a notice of compliance to the court, Dr. Wright’s attorneys notified the court they had provided “the necessary information and key slice to unlock the encrypted file.” On top of that, Dr. Wright produced “a list of his bitcoin holdings, as ordered by the Magistrate Judge, to plaintiffs today.”
Many are now speculating that this encrypted file and key slice are the Tulip Trust holdings, delivered by bonded courier, returning Dr. Wright’s mined Bitcoin holdings to him and proving his claim to be Bitcoin’s creator.
This news has important ramifications for the case and for Bitcoin itself. It proves that Dr. Wright has not been trying to deceive the court in any way, but simply needed to wait for January 2020 for his Bitcoin to be returned to him. It would also of course prove that he’s the creator of Bitcoin, provide him an incredible fortune to continue building on Bitcoin SV (BSV) with, and discredit the critics who continue to insist on BTC being the real Bitcoin.
While all of this may have some effect on BSV price, the real reason it is so valuable is because it is the original vision of Bitcoin, and holds incredible utility that the world is finally starting to notice. Due to its protocol stability and massively scaling block sizes, it already offers the tangible elements necessary for enterprises to begin utilizing for real impactful use in the world. Bitcoin Association Founding President Jimmy Nguyen may have put it best:
— Jimmy Nguyen (@JimmyWinMedia) January 14, 2020
With this monumental news and many other documents recently turned over, Ira Kleiman’s lawyers need more time to sort through everything in this phase of this trial. They’ve asked the court for an additional 90 days of discovery, stretching it out to April 17, 2020.
New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.